CME Halts Trading Due to Cooling Issue; Bitcoin Futures Climb

Friday Nov 28 2025 17:40

Duration

2 min

  1. 1. CME Trading Halt Sparks Outcry Amidst Cooling Issue

  2. 1.1 Impact of Trading Halt on Bitcoin Futures Prices

CME Trading Halt Sparks Outcry Amidst Cooling Issue

The Chicago Mercantile Exchange (CME), the world’s largest financial derivatives exchange, announced a trading halt for approximately 10 hours from Thursday into Friday, sparking significant discontent among traders before service was restored. According to an announcement from the CME, the trading halt was attributed to a “cooling issue” at the CyrusOne data center located in Illinois, USA. The exchange confirmed in a subsequent update that full trading was restored, and all markets resumed trading at 1:30 pm UTC on Friday. Meanwhile, traders voiced their displeasure with the critical disruption, which locked some users in their existing positions, prevented others from initiating new trades, and effectively halted price discovery. Stock trader Timothy Bozman accused the CME of market manipulation, questioning how “a simple issue could take down CME’s entire futures platform?” Another X user commented, “Very convenient that this happens in Asia on Thanksgiving Day, when there’s already low volume. Sounds like you’re trying to manipulate the markets quickly in a certain direction.” The backlash from traders continued even after the issue was resolved, with numerous individuals pointing out that the trading halt occurred minutes before silver futures contracts reached an all-time high of $54, further fueling speculation.

Impact of Trading Halt on Bitcoin Futures Prices

Bitcoin futures contracts continued their upward trajectory following the market halt. The CME does not publish regular trading data for Thanksgiving Day, which fell on Thursday this year. However, Bitcoin futures contracts closed on Wednesday at $90,355 and opened at $90,940 on Friday, according to data from TradingView. Bitcoin futures prices sustained their climb on Friday, rising to over $93,000 at the time of this writing, as BTC rebounds from the local bottom of $80,522. Analysts suggest that BTC is facing resistance at $95,000, but if the cryptocurrency can reclaim $95,000 as support, it could potentially bounce back into the $100,000 territory. The recent dip to just over $80,000 marked the market's lowest point, according to investor and analyst Arthur Hayes, who indicated that easing liquidity conditions would propel BTC to higher levels in 2026, while also cautioning that another short-term drop could occur in the interim.

Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.

Default Author Avatar

Written by:

Emma Rose

Asset List

View Full List
Most Traded Commodities Indices Crypto Shares Forex
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now
Asset
Sell
Buy
Change (%)

Trade Now

Trade Now

Trade Now

Trade Now

Latest

View all

Sunday, 10 May 2026

Duration

3 min

Gold Price Today, May 11: Gold (XAUUSD) Trading at $4,695, Central Banks Keep Buying as Investors Seek Shelter

Friday, 8 May 2026

Duration

6 min

India's Tech Boom: India’s Offshore Tech Hubs Near 2030 Milestone in FY26

Friday, 8 May 2026

Duration

4 min

Gold Price Today, May 09: Gold (XAUUSD) at $4,720 Faces Correction Risk After 250% Rally as Oil Leads Markets

Latest news

Tuesday, 12 May 2026

Indices

Record Inflows Pour into South African Markets Amid Reform Momentum: $42 Billion Foreign Investment Surge

Tuesday, 12 May 2026

Indices

Gold Price Today, May 13: Gold Plunges Below $4,700 as Hot US CPI & Surging Oil Crush Rate-Cut Hopes

Monday, 11 May 2026

Indices

Latest ETF News Highlights: BTC Price (BTC/USD) Holds at $81,500 Amid Strong Bitcoin ETF Inflows

Monday, 11 May 2026

Indices

Gold Price Today, May 12: XAU/USD Rises Sharply After Fed Cut Live Gold Price at $4,750

Sunday, 10 May 2026

Indices

Stock Market Today: Nifty Slips Below 24,200, Sensex Drops to 77,328 as Oil Crosses $100

Sunday, 10 May 2026

Indices

Gold Price Today, May 11: Gold (XAUUSD) Trading at $4,695, Central Banks Keep Buying as Investors Seek Shelter

Friday, 8 May 2026

Indices

India's Tech Boom: India’s Offshore Tech Hubs Near 2030 Milestone in FY26

Friday, 8 May 2026

Indices

Gold Price Today, May 09: Gold (XAUUSD) at $4,720 Faces Correction Risk After 250% Rally as Oil Leads Markets

Thursday, 7 May 2026

Indices

Tata Gold ETF Rides XAUUSD Breakout as Middle East Developments Shake Markets

Thursday, 7 May 2026

Indices

Gold Price Today, May 08: XAUUSD Surge to $4,753 on Easing Oil and Inflation Signals

See all news